Azerbaijani currency market's weekly overlook

Last week the official rate of the manat to the US dollar set by the Azerbaijani Central Bank (CBA) remained unchanged. The average rate was established at 0.7845 manat to 1 U.S. dollar.

As a result of last week's exchange, the stock exchange price of the Azerbaijani manat to the U.S. dollar, established based on results from the Baku Inter-bank Currency Exchange (BICEX) remained stable. The average rate was set at 0.7835 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: June 26-27 - no deals were concluded, therefore the exchange rate remained at 0.7835 AZN/USD, June 25 - $2.5 million with the exchange rate of 0.7835 AZN/USD, June 28 - $2.64 million with the exchange rate of 0.7835 AZN/USD.

No deal was concluded with USD/AZN T+1 and T+2 due to few appeals made by dealers. No appeals were made on RUB/AZN and EUR/AZN.